Post by
bullchart on Oct 23, 2015 9:22am
Looking good this morning
For longs and overnight holders anyhow. I am sure some would like to see this back into the low 30's to add or get a position(and of course cover a short) . Don't expect that to happen given events ahead. The Dow on a roar also , 100 pts over yesterday close at 17569, . I also see this morning, my margin increased on the CXR position. Anyone else seeing this?
... Looking more and more like those 9 million shares traded on Wednesday, was major short covering and nearly 5 million yesterday. Would expect this to get down to the 1-2 million vol average soon. Guess it depends on how many are still short from 117 a few weeks ago. 50% retracement is still at $71.00 on this 117-25 , 7 week move.
Comment by
borrowedlife on Oct 23, 2015 9:48am
She is struggling to get past $40, looks like they are " trying" to bring her down to the 30$ to cover, today is a final attempt to do so as the Vrx team get on Monday morning conference will rocket this sector, sold my emergency funds that I dipped into yday, if ever it pulls back to the $30 mark, will deploy back the funds, but I highly doubt it, GLTA
Comment by
bullchart on Oct 23, 2015 9:55am
Same here.. There is our 40.00... Closing in on the week high. 45.59 . We will see how close it gets. 4 days ago the range was 44.38-33.54..